PANews reported on June 2 that the Monetary Authority of Singapore (MAS) recently released the final response document to the regulatory consultation on Digital Token Service Providers (DTSP) under Part 9 of the Financial Services and Markets Act 2022. MAS confirmed that it will officially implement the relevant provisions of DTSP on June 30, 2025, clarifying that all entities established or operating in Singapore but specifically providing digital token services to overseas must obtain a DTSP license, otherwise it will be illegal. MAS reiterated that there will be no transition period and that licenses will only be issued in "extremely limited" circumstances. At the same time, it stipulates an annual fee of S$10,000 and a minimum capital requirement of S$250,000, and strengthens regulatory standards such as anti-money laundering, cybersecurity, and technology risk management.